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Oct 5, 2011 12:03 PM CET
In June, EBRD (the European Bank for Reconstruction and Development) bought bonds in Tele2’s Russian subsidiary, OJSC Tele2 Saint-Petersburg. This is the first time EBRD invests in a privately held company.
We are very proud to have been chosen as partner in EBRD’s pursuit to stimulate economic, social and environmental development in Russia.
Providing efficient means of communication is an essential part of building infrastructure, which in turn is a prerequisite for economic growth and community development. Bridging the digital divide is one of our greatest challenges – and opportunities – in terms of our responsibility work. Therefore, our collaboration with EBRD is valuable in our future efforts in Russia. We have several projects up and running in Russia. For example, we are controlling the cooling systems in our base stations with the aim to replace older systems with modern fresh air cooling, in order to reduce our CO2 emissions. We are also in the process of implementing our new gender and diversity policy at all our workplaces and our Code of Conduct throughout the supply chain. As a responsible company in the Russian community, we support Playing for change, which is an NGO that supports local social entrepreneurs striving to provide children with a playful childhood.
Russia is Tele2’s biggest market and it is growing. For us it is important that this growth is sustainable, with regards to economic and social factors as well as the environment.
Read more here and here about EBRD’s decision to support OJSC Tele2 Saint-Petersburg.